Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
USHUAIA from Brugge, company number BE0890482467, closed financial year 2025 with a result of € -36,906 after tax. For that financial year USHUAIA recorded a gross margin of € 9,626 and equity of € 159,106. Compared with financial year 2024, the result moved from € -60,359 to € -36,906. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 159,106
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,906
▲ 39 % less loss than in 2024
Profit after tax over the fiscal year.
€ 36,669
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -140,894.
People and assets in 2025
0
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7,976
▼ 84% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 200,975
▼ 11% vs 2024
€ 25,641 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 59,923
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,036
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,671 | € 72,300 | € 41,080 | € 9,626 | ▼ 77% |
| Profit after taxes | € -893 | € -30,780 | € -60,359 | € -36,906 | ▲ € 23,453 |
| Equity | € 487,150 | € 256,370 | € 196,011 | € 159,106 | ▼ 19% |
| Total debts | € 347,708 | € 415,967 | € 416,045 | € 365,330 | ▼ 12% |
| Cash | € 159,387 | € 96,824 | € 104,804 | € 36,669 | ▼ 65% |
| Land & buildings | € 273,476 | € 236,179 | € 198,883 | € 173,534 | ▼ 13% |
| Retained profit | € -12,850 | € -43,630 | € -103,989 | € -140,894 | ▼ € 36,906 |
| Bank debt | € 275,331 | € 250,966 | € 226,183 | € 200,975 | ▼ 11% |
| Balance sheet total | € 834,858 | € 672,337 | € 612,056 | € 524,436 | ▼ 14% |
| Employees (FTE) | 1 | 1 | 1 | 0 | ▼ 1 |
Key figures of USHUAIA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to USHUAIA?
What happened at USHUAIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 36,906. Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Koyen An became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 893 loss in 2022 to € 36,906 loss in 2025.
Paid € 859 in corporate taxes since 2022.
On average € 41,100 of value added per employee in 2024.
A new publication or filing at USHUAIA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Koyen An
Director
since 2007
Establishments
Establishment units
Physical locations of this company
Maurice Deroostraat 19
8200 Brugge
Zandstraat 13
8300 Knokke-Heist
Active since 1 August 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.482.467
- VAT number
- BE 0890.482.467
- Registered office
- Maurice Deroostraat 19, 8200 Brugge
- Names & denominations
- USHUAIA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 2007
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in schoeisel
Groothandel in huishoudtextiel en beddengoed
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Groothandel in parfumerieën en cosmetica
Groothandel in kleding, kledingtoebehoren en bontartikelen
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